Find the present value of the perpetuity
A perpetuity-due has annual payments of $10000, $11000, $12000, ... If the present value of the seventh and eighth payments are equal, find the present value of the perpetuity.
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Monthly deposits are made into a fund at the beginning of each month for 5 years. The first 12 deposits are $500 each,and deposits increase by 5% every year. Find the accumulated value at the end of 5 years if i^(12) = 0.06.
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